3112 Cleveland Ave NW - Supermarket FOR SALE
Canton, OH 44709 |
$8,423,000 USD
216-264-2000
3112 Cleveland Ave NW
Canton, OH 44709
HIGHLIGHTS
- Freestanding Marc’s Grocery Store with 15+ Years Remaining on 20-Year Double-Net Lease in Canton, OH
- Reported Strong Sales of $21.75M (LYE Feb 2024); $460/SF & Low 2.6% Rent-to-Sales Ratio with Strong Positive Annual Sales Growth Trend
- $0.50/SF Rent Increase in April 2030 Adds 30 bps to Cap Rate; Three Five-Year Options with $0.50/SF Increases in Each
- Class “A” Modern Construction – 2020 Build-to-Suit; Steel Superstructure, Masonry Ext on all Four Sides w/ Architecturally-Cladded High-Image
- 0.1- to 0.3-Mile North of I-77 and Route 62 Exit Ramps at Cleveland Ave – I-77 Sees 83,775 VPD and Route 62 Sees 63,600 VPD
- 47,275 SF GLA Situated on Large 9.5-Acre Parcel w/ Ample Parking; High-Visibility LED Monument Sign at Cleveland Ave & Additional Monument Signs
FOR SALE DETAILS
PRICE
$8,423,000 USD
PRICE/SF
$187 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
STNL Marc's Grocery Store | 15+ Yrs Remaining
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
ADD'L SUBTYPES
Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
9.46 AC
LAND SF
412,078 SF
ZONING
-
APN/PARCEL ID
00306322
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216-264-2000
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216-264-2000
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